ED Attaches Assets Worth ₹65.46 Crore in Sikkim Bank Fraud Case
Gangtok: The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth ₹65.46 crore in connection with a money laundering case involving the misappropriation of funds from the State Bank of Sikkim (SBS).
The attached assets include residential buildings and land parcels in Deorali, Syari, Ranipool, and Penlong, along with bank balances and fixed deposits held in the names of Dorjee Tshering Lepcha, former General Manager (Operations) of SBS, and his family members.
The action has been taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
Lepcha is accused of laundering and siphoning off funds from the state-run bank, prompting the ED to step in.
The investigation is ongoing, and further developments are expected in the case.
